Banks are selling homes at low prices right now, and it can be a good opportunity for the right person. Typically, the bank owned home needs some work; anything from paint and carpet to needing a new roof, window, and doors. When you write an offer for a bank owned property, they typically have a multi-page addendum to the standard Colorado Contract. These addenda usually stipulate things such as how quickly you must complete the inspection, and they make it very clear that the property is being sold "as is" and they do not warrant the condition of the home.

The seller has a trained professional negotiator working for them, so shouldn't you? A Realtor will provide many resources to assist you in your home search, provide objective information about each property, help you negotiate, help you determine your buying power, provide guidance during the evaluation of the property, and guide you through the closing process and make sure everything flows together smoothly.

Absolutely! The builder may offer you a financial incentive to not have a Realtor, but you have to ask yourself why a builder would pay you to not have legal representation. Do you really want to buy a home from someone who will pay you to not have legal representation? Call me at (719-322-6030) and I'll share with you a few horror stories about buying new construction and how we made sure our clients were taken care of.

Rates literally change every day and sometimes hourly. Call me at (719) 322-6030 and I'll help you find the current rates.

The closing is when the buyer and seller both sign all the documents. A closing will have two distinct parts: 1) the signing of the loan paperwork, and 2) the signing to transfer the title from the sellers' names into the buyers' name. Nearly every document that gets signed in a closing is a standardized form and I will let you know if anything unusual is placed in front of you.

Five factors influence your time on market: 1) condition of the home, 2) the market, 3) the location, 4) price, and 5) marketing. Of these five, price is the most influential. If you overprice your home, your time on market will be longer than if you price your home at market value. The time on market will be shorter if you price near the lower end of your market value.

Have me come by to see it and give you personalized feedback. In general, homes need to be cleaned, repaired, and de-cluttered.

You can do this, but it will cost you in the long run and it is risky. National statistics prove that FSBOs will get anywhere between 18% and 24% less for their home than a Realtor will get for them. People want to FSBO to save a real estate fee (typically 6%), but they will give up a minimum of 18% on their price. It doesn't add up. Also, buyers of a FSBO will want at least 6% off the price of the house since they know a FSBO seller isn't paying a real estate fee. Additionally, do you really want strangers knocking on your door asking to come inside and see the home? This can be very unsafe. Finally, there are specific laws governing real estate sales, and if anything is missed, FSBOs can find themselves in a law suit.

As a seller, you should only hire a Realtor who is a good marketer, has a high standard for customer service, and someone who makes it as easy as possible for you to sell your home. All Realtors have access to the same marketing mediums, but not all Realtors will use everything they have available to them when they market your home. Pick a Realtor who effectively invests their time and money in selling your home.

A short sale occurs when a home owner owes more on their mortgage than they can sell the home for—they are upside down on the house. Sometimes mortgage companies will agree to take less than you owe on the mortgage when you sell the home. However, this process requires an intense amount of time and patience, and you need to know how to protect yourself in the process.

Typically, it takes between 6-8 weeks; however, we've been able to close in 4 weeks if it works for the buyer and seller.